Question 1

How much does workers' comp cost for Grain Elevator in Montana?

Accepted Answer

The current rate for Grain Elevator (Class Code 8304) in Montana is $8.05 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $4025 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Montana?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Montana for all employers with at least one employee.

Question 3

How does Montana's rate compare to other states?

Accepted Answer

Montana's rate for Grain Elevator is $8.05, which is $0.58 above the national average of $7.47 (+8%).

Question 4

What does class code 8304 cover?

Accepted Answer

Covers workers at grain elevator facilities receiving, storing, and distributing grain and agricultural commodities.

State	Rate per $100	Difference
Montana (current)	$8.05	—
Indiana	$5.46	-2.59
Texas	$5.74	-2.31
Virginia	$5.81	-2.24
Utah	$5.95	-2.10
Arkansas	$6.16	-1.89

Workers' Comp Rate for Grain Elevator in Montana (Class Code 8304)

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